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Mortgage rates tumbled to the lowest level in the history of Freddie Mac’s weekly survey, with 30-year fixed-rate home loans being offered this week at an average 4.15 percent, down from 4.32 percent last week.
The mortgage giant said in its weekly report Thursday that loans with variable interest rates also hit record lows, as did shorter-term fixed-rate loans. The 15-year fixed-rate loan, a popular choice with people refinancing their homes, was being offered at an average rate of 3.36 percent, down from 3.50 percent last week, Freddie Mac said. CLICK HERE to read more from the Detroit News.